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Central Bank of Bahrain

Bahrain cbank issues final rules on open banking

The Central Bank of Bahrain (CBB) today (December 6) issued the final rules on “open banking”, which will facilitate the provision of a variety of innovative services for bank customers in the kingdom. Khalid Hamad, th

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ADGM partners with Bahrain cbank for innovation

Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain (CBB) have signed an agreement to promote and facilitate innovation in financial services across the UAE and Bahrain. The memorandum of understanding (MoU) was signed in M

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Bahrain plans to set up new fintech unit

The Central Bank of Bahrain (CBB) has announced plans to set up a dedicated Fintech unit to ensure that best services are provided to individual and corporate customers in the financial sector. The move comes as part of the CBB

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Bahrain to launch national e-wallet by June

The Central Bank of Bahrain (CBB) has announced that it is working closely with BENEFIT to launch the first phase of the national electronic wallet, the first of its kind in the Kingdom, at the end of June this year. The wallet wi

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Bahrain to launch national e-wallet by June

The Central Bank of Bahrain (CBB) has announced that it is working closely with BENEFIT to launch the first phase of the national electronic wallet, the first of its kind in the Kingdom, at the end of June this year. The wallet wi

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Bahrain insurance market growth hits 5pc

The Bahrain insurance market posted a growth of 5 per cent during 2014 over the previous year, with gross premiums/contributions registering BD270.76 million ($777 million), according to figures released by the Central Bank of Bahrain.

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BBK backs campaign to support women in banking

BBK has signed up as the lead empowerment sponsor for a year-long campaign launched by Central Bank of Bahrain (CBB), in cooperation with the Supreme Council for Women (SCW) to promote the role of women in the financial sector. Th

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CBB treasury bills oversubscribed

The Central Bank of Bahrain (CBB) said that this week’s BD70 million ($185.6 million) issue of government treasury bills has been fully subscribed by 228 per cent.   The bills, carrying a maturity of 91 days, are issued

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GCC to launch new debit card service

An integrated point of sale (POS) service that aims at facilitating purchases using debit cards within the GCC region through all POS terminals will be launched on Thursday, said a top Central Bank of Bahrain (CBB) official. Bahra

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GCC countries mull credit report programme

A plan to set up a joint credit information exchange programme that will minimise risks on the GCC financial system has been supported by Saudi Arabia, Kuwait and Bahrain, a report said. A number of firms and families have been he

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